On January 5, Carl Qin, General Manager of CR Capital Management, and Wang Xin, General Manager of Hunan Agricultural Products Distribution Alliance Fund, called on Cheng Bei, secretary of the party committee and Chairman of Hunan Chasing Financial Holdings ("Chasing Financial"), Zeng Ruobing, deputy secretary of the party committee and Vice Chairman of Chasing Financial and other leaders in Changsha, Hunan Province. Both sides had in-depth exchanges on the topics including the operation and future development of Hunan Agricultural Products Distribution Alliance Fund, as well as further deepening of cooperation during the "14th Five-Year Plan" period.
Cheng Bei, secretary of the party committee and Chairman of Chasing Financial, extended a warm welcome to Carl Qin and his delegation. Cheng said that the economic power and impetus transformation capacity were gradually improving in Hunan Province, where the development of industrial funds will be strengthened and the advantages of equity investment will be brought into play in the future, to build industrial funds as the engine for economic construction in Hunan Province. Chasing Financial hopes to base itself in Changsha, and to combine the resources of Hunan Province with those of China Resources in the Guangdong-Hong Kong-Macao Greater Bay Area, so as to jointly promote the coordinated development of modern industries and achieve mutual benefits, win-win results and common progress.
Carl Qin, General Manager of CR Capital Management, introduced the development of each sector of China Resources Group in the past year and the development ideas of CR Capital Management during the "14th Five-Year Plan" period. He hoped that both sides can continue maintaining a long-term cooperation mechanism during the "14th Five-Year Plan" period, actively explore new business opportunities and jointly make positive contributions to the economic and social development of Hunan.
Wang Xin, General Manager of Hunan Agricultural Products Distribution Alliance Fund, introduced operation of the Fund and expressed his gratitude to Chasing Financial for its strong support to the Fund as the shareholder and investor. In the past three years since its establishment, the Fund has given impetus to the circulation of agricultural products in Hunan in the early stage, promoted the rapid development of modern cold chain industry in Hunan, accelerated the development of consumer goods enterprises in Hunan and pushed them nationwide after the chain was opened up. The Fund will also keep adhering to gaining insight into the pulse of the industry from the perspective of development, being deeply engaged in Hunan and making due contributions to the exploration of economic construction in Hunan Province. In the future, the Fund hopes to join hands with Chasing Financial, cooperate in the implementation plan of the Guangdong-Hong Kong-Macao Greater Bay Area of Hunan Province, and deepen the partnership between both sides.
Before the meeting, Hunan Agricultural Products Distribution Alliance Fund, jointly initiated and established by CR Capital Management, China Resources Enterprise and Chasing Financial, held a signing ceremony for strategic cooperation agreement with Engnice Group. Wang Xin, General Manager of Hunan Agricultural Products Distribution Alliance Fund, signed a cooperation agreement with Ma Wenbin, Chairman of Engnice Group. Zeng Ruobing, deputy secretary of the party committee and Vice Chairman of Chasing Financial and Carl Qin, General Manager of CR Capital Management, witnessed the signing.
Engnice Group was founded in 2008. The core management team of the Group adheres to intensive cultivation in the field of infant and toddler complementary foods and has been deeply engaged in the maternal and infant industry for two decades. It is committed to becoming a bellwether of the infant and toddler complementary food industry. "Enoulite" of the company is a leading domestic brand in the infant and toddler complementary food industry. Its diaper brand "Suitsky" is committed to the research on "sensitivity phenomenon" among babies, as well as the R&D of high-end anti-sensitivity diapers to care for newborn babies in China. At present, Engnice has developed mature omni-channel comprehensive operation strength, and established a three-dimensional and full-frequency marketing network based on maternal and children stores and traditional e-commerce, covering high-end channels and live commerce. Engnice promotes the high-quality development of supplementary food industry in an all-round way with its unique development thinking.
Hunan Agricultural Products Distribution Alliance Fund is a central-local cooperation fund jointly established by CR Capital Management, China Resources Enterprise and Chasing Financial. The Fund focuses on such consumption fields as consumer goods, supply chain and logistics, and continues paying attention to leading enterprises in segments that have synergistic effects with the consumer industry of China Resources. With strategic investment as the bond and industrial synergy as the impetus, the Fund helps the invested enterprises achieve leapfrog development.
